secwatch.observer — SEC 8-K summary
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Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001421517-24-000170
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Recovery beats Q2 revenue guidance; reports $27.2M revenue, up 31% YoY
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- Revenue of $27.2M exceeded guidance of $20-25M; up 31% YoY from $20.7M.
- Gross margin 64.6% down 80 bps YoY; operating expenses up 21.4% to $19.6M.
- Net loss improved to $0.6M from $1.7M; adjusted EBITDA $5.2M.
- Full-year revenue guidance reaffirmed at $140-150M; nine PX G1300 deployments commissioned.
- Cash and investments $138M; free cash flow $7.9M in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151724000170/0001421517-24-000170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151724000170/erii-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001421517-24-000170

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer